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These Housing Markets Have Seen the Biggest Price Jumps Since 2012

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Housing Markets

These Housing Markets Have Seen the Biggest Price Jumps Since 2012

Western states have been at the forefront of fast-rising home prices and heated competition during the last decade

September 11, 2023
Aerial view of the Boise, Idaho, metro area
Image: knowlesgallery / stock.adobe.com

A new ranking by SelfStorage, using Zillow data, reveals that the state of Idaho leads the nation for the highest increase in home prices over the past decade, with a steep 78.7% surge. Nevada follows in second place with a 74.2% increase, and Washington is third with a 64.9% uptick in average home prices. 

The Western U.S. dominates the list, reflecting a pandemic-induced housing frenzy, with states such as Utah, Oregon, Arizona, Montana, and California also experiencing significant home price growth during the same period, Deseret News reports.

“Idaho takes first place with a whopping increase of 78.7%,” a news release issued this week stated. Idaho’s average home price from 2012 to 2016 was about $152,221. That average jumped to $272,019, an increase of $119,798, making Idaho the state with the largest percentage increase between those two time periods.

Behind Idaho, Nevada ranked No. 2 with an increase of 74.2%. Its average home price was $195,660 from 2012 to 2016, before it jumped to $340,779 in 2017 to 2022. That’s an increase of $145,119.

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